PL charge City for alleged breaches of financial rules

[CADE MCFC 1894]

Nope. I wrote City are confident.

My own personal opinion is that we will win but are unlikely to come out scot-free (taking medicine) whether it be in the form of a fine for non cooperation or a poss transfer ban for how we set up for Mancini or player payments.

I just think it be a fine for non cooperation like uefa fined us for

 

[M18CTID]

The Etihad stuff was covered at CAS and was cleared. They, not ADUG, were found to have paid the sponsorship, that it was fair value and that they got fair value in return. Two others were Aabar and Etisalat but I think those two were time-barred. Aabar would have been similar to Etihad so not worried about that. Etisalat was an odd one as ADUG advanced the monies for that one, but that was before FFP if I remember correctly. Once FFP came in, they reimbursed ADUG. It was in the CAS verdict that UEFA were aware of that and accepted it.

This is an example of how weak the PL charges really are.

And if you want to tag anyone, use @ not #

Colin, was it ever established whether Etisalat are a related-party sponsor?

 

[halfcenturyup]

Why don’t you test the statement against the whole phrase I used rather than just half of it?
Presumably your characterisation of the top clubs as multibillion pound companies refers to the price someone will pay to become the owner, not a good test in a specialised market with few buyers and sellers.
In terms of turnover or profit, the true tests, football clubs are not big companies financially in world terms.
The football club with the highest turnover in the world, a certain Manchester City, recorded less than £700m last year, with a record profit of £42m.
On market cap, City might sneak in at position 102 in the uk, but on turnover and profit City would be miles away from the top 100 just in the uk. So, in world terms City is a financial minnow.
Social dimensions are quite another matter and it is in that regard that football clubs should be judged.

Is this still going on?

Let me summarise for the hard of caring. You said "Football is big in profile and reaches many parts of society but it is tiny in financial terms. Financially City is about the same size as a big Tesco branch."

The other guy said: "Valued at roughly 3 billion with the Silver Lake sale, wasn’t it? That’s one bougie Tesco’s branch!"

Yours was a good point in principle. The response was presumably made in jest and, at worst, misunderstood the rather vague term "size".

There are metrics where the size of MCFC is bigger than a Tesco store, there are metrics where it is smaller. Can we just leave it at that. Enough already.

 

[Prestwich_Blue]

Colin, was it ever established whether Etisalat are a related-party sponsor?

Don't think so but I very much doubt it would be. It's majority owned by the UAE government but a substantial minority of the shares are publicly traded.

 

[M18CTID]

Don't think so but I very much doubt it would be. It's majority owned by the UAE government but a substantial minority of the shares are publicly traded.

Ok, cheers - not that it should matter as like you say ADUG paid the monies back and if UEFA were accepting of this I'm not sure where the PL would expect this particular issue to go. Unless there's something none of us are aware of that paints us in a bad light, like you say a lot of what we're apparently being accused of seems flimsy and weak on the face of it.

 

[halfcenturyup]

The Etihad stuff was covered at CAS and was cleared. They, not ADUG, were found to have paid the sponsorship, that it was fair value and that they got fair value in return. Two others were Aabar and Etisalat but I think those two were time-barred. Aabar would have been similar to Etihad so not worried about that. Etisalat was an odd one as ADUG advanced the monies for that one, but that was before FFP if I remember correctly. Once FFP came in, they reimbursed ADUG. It was in the CAS verdict that UEFA were aware of that and accepted it.

This is an example of how weak the PL charges really are.

And if you want to tag anyone, use @ not #

The UEFA issue wasn't that the contract wasn't valid, or wasn't at fair value, or that Etihad was a related party, or that services weren't performed, or that Etihad didn't pay MCFC in full was it?

I thought the allegation was that ADUG gave the money to Etihad to pay MCFC? And the club proved with witness statements at a high level, and expert analysis of the ADUG accounting records, that no money in the relevant time period had been passed from ADUG to Etihad. Is that not right?

 

[gordondaviesmoustache]

Unexpected support, of sorts, from Arsene Wenger here:

The notion that Khaldoon is involved in a conspiracy to defraud is utterly comical. Anyone who actually believes that is an idiot.

 

[havefaith]

I can’t remember the details but a couple of cubs and some other pparties have been subject to sanctions by Portuguese FA. and some criminal action(?)
Its late, will check back tomorow.

Spot on, seems quite a number of clubs /people caught up in it all, this males fpr an interesting read.

How Football Leaks Is Exposing Corruption in European Soccer

While Rui Pinto sits in jail, his revelations are bringing down the sport’s most famous teams and players.

www.newyorker.com

 

[gordondaviesmoustache]

I take it you don’t know many KC’s. I do. They run the gamut same as everyone else. Some extremely honest and moral… others complete twats.

I think that as a subsection of a profession, other than possibly surgeons, KCs will have a higher proportion of sociopaths than any other. Plenty are sound, many are not.

I guess it is rooted in being at the top of a profession that requires industrial levels of confidence and self-belief where winning and losing are a direct consequence of your professional output. That landscape is bound to bring forth more than its fair share of twats.

 

[Big Dave Watson]

I just think it be a fine for non cooperation like uefa fined us for

Tend to agree. Surely a transfer ban would imply we were guilty of some of the more damaging charges.